Economics
This document presents a detailed technical report of the ``Crisis Simulator for Bolivia (KISr-p),'' a quarterly stochastic model designed to evaluate the impact of various macroeconomic policy strategies in an environment of high…
This paper provides quasi-experimental evidence on how income taxes affect gross hourly wages, utilizing Danish administrative data and a tax reform that introduced joint taxation. Exploiting spousal income for identification, we present…
This study investigates the dynamic relationship between development finance institutions (DFIs), foreign direct investment (FDI), and economic development in Sub-Saharan Africa (SSA) from 1990 to 2018, using a quantitative panel dataset of…
A rich set of frequentist model averaging methods has been developed, but their applications have largely been limited to point prediction, as measuring prediction uncertainty in general settings remains an open problem. In this paper we…
This paper evaluates the redistributive and efficiency impacts of expanding access to positive credit information in a financially excluded economy. Using microdata from Uruguay's 2021 household survey, we simulate three data regimes…
Carbon pricing has become a central pillar of modern climate policy, with carbon taxes and emissions trading systems (ETS) serving as the two dominant approaches. Although economic theory suggests these instruments are equivalent under…
This paper develops a unified framework for identifying spatial and temporal boundaries of treatment effects in difference-in-differences designs. Starting from fundamental fluid dynamics equations (Navier-Stokes), we derive conditions…
We develop a frequentist decision-theoretic framework for selecting the best arm in one-shot, multi-arm randomized controlled trials (RCTs). Our approach characterizes the minimax-regret (MMR) optimal decision rule for any multivariate…
The application of Reinforcement Learning (RL) to economic modeling reveals a fundamental conflict between the assumptions of equilibrium theory and the emergent behavior of learning agents. While canonical economic models assume atomistic…
We investigate the problem of global identification in dynamic panel models with interactive effects, under the large-N, fixed-T setting. While local identification, typically established via the Jacobian matrix, is well understood, global…
Reducing wealth inequality is a global challenge, and the problems of capitalism stem from the enclosure of the commons and the breakdown of the community. According to previous studies by Polanyi, Karatani, and Graeber, economic modes can…
We introduce a novel method for obtaining a wide variety of moments of any random variable with a well-defined moment-generating function (MGF). We derive new expressions for fractional moments and fractional absolute moments, both central…
Budgetary constraints force organizations to pursue only a subset of possible innovation projects. Identifying which subset is most promising is an error-prone exercise, and involving multiple decision makers may be prudent. This raises the…
Using nationally representative data for India, this paper examines the incidence of education occupation mismatch and returns to education and EOM for internal migrants while considering the heterogeneity among them. In particular, this…
Governing authorities in sports often make changes to rules and regulations to increase competitiveness. One such change was made by the English Football Association in 1981 when it changed the rule for awarding points in the domestic…
In this paper, we analyse the impact of international migration on the food consumption and dietary diversity of left-behind households. Using the Kerala migration survey 2011, we study whether households with emigrants (on account of…
This paper presents a novel game theoretic framework for analyzing academic dishonesty through the lens of a unique deterrent mechanism: forced exam script swapping between students caught copying. We model the strategic interactions…
The strategic choice of model "openness" has become a defining issue for the foundation model (FM) ecosystem. While this choice is intensely debated, its underlying economic drivers remain underexplored. We construct a two-period…
Newfoundland and Labrador's municipalities face severe soft budget pressures due to narrow tax bases, high fixed service costs, and volatile resource revenues. We develop a Stackelberg style mechanism design model in which the province…
A principal and an agent divide a surplus. Only the agent knows the surplus' true size and decides how much of it to reveal initially. Both parties can exert costly effort to conclusively prove the surplus' true size. The agent's liability…